09:57 AM EST - Hemisphere GPS Inc. : today reported financial results for the first quarter ended March 31, 2011. All currency amounts are expressed in U.S. dollars. During the quarter, Hemisphere GPS achieved revenue growth of 41%, reporting $21.2 million in revenues, compared to $15.1 million in the first quarter of 2010. Comprehensive income of $330,000 in the first quarter represents the mark-to-market gain on hedging instruments put in place to hedge operating expenses for the remainder of 2011. Hemisphere GPS Inc.
shares T.HEM are trading up $0.03 at $1.25.
